Reliance eyes $2bn loan seven months after last jumbo deal, in talks with banks

10 Apr 2013

Indian conglomerate Reliance Industries is in discussions with bankers for a $2bn five year loan and is expected to send out a request for proposals before the end of the month. It will be the second time the company has tapped the market for more than $1bn of financing in less than a year.

The company, which is run by Mukesh Ambani, tapped the dollar loan market in September last year, when it borrowed $1.5bn from a consortium of lenders. But now the privately-owned company, which operates across sectors such as oil, gas and petrochemicals, has returned to lenders, partly to refinance ...

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